BTT vs SPY
Comparison between BlackRock Municipal 2030 Target Term Trust (BTT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed BTT, delivering a return of +13.3% compared to +0.3%
BTT vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BTT
$1.60B
Winner
SPY
$652B
Expense Ratio
BTT
N/A
SPY
0.09%
Max Drawdown
Winner
BTT
34.96%
SPY
56.47%
Sharpe Ratio
BTT
1.17
Winner
SPY
2.07
5Y Beta
Winner
BTT
0.11
SPY
1.00
P/E Ratio
BTT
N/A
SPY
28.24
Forward P/E
BTT
N/A
SPY
21.85
5Y Dividends CAGR
BTT
-4.23%
Winner
SPY
5.43%
5Y EPS CAGR
BTT
N/A
SPY
25.79%
Debt to Equity
BTT
N/A
SPY
22.35%
P/S Ratio
BTT
N/A
SPY
3.55
P/B Ratio
BTT
N/A
SPY
5.29
BTT vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
BTT
-0.24%
Winner
SPY
+9.11%
3M
BTT
+0.22%
Winner
SPY
+6.59%
6M
BTT
+2.76%
Winner
SPY
+10.56%
1Y
BTT
+9.93%
Winner
SPY
+32.04%
5Y(CAGR)
BTT
+0.29%
Winner
SPY
+13.35%
10Y(CAGR)
BTT
+2.96%
Winner
SPY
+15.49%
Max(CAGR)
BTT
+3.05%
Winner
SPY
+8.50%
BTT vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BTT | SPY |
|---|---|---|
| 2026 | +0.91% | +8.27% |
| 2025 | +13.48% | +18.00% |
| 2024 | +1.60% | +25.59% |
| 2023 | -0.64% | +26.72% |
| 2022 | -15.31% | -18.64% |
| 2021 | +4.39% | +30.52% |
| 2020 | +9.04% | +17.28% |
| 2019 | +20.16% | +31.09% |
| 2018 | -4.76% | -5.24% |
| 2017 | +5.26% | +20.78% |
| 2016 | +4.31% | +13.59% |
| 2015 | +11.88% | +1.31% |
| 2014 | +21.58% | +14.56% |
| 2013 | -23.79% | +29.00% |
| 2012 | -5.83% | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
BTT vs SPY Drawdown Comparison
The maximum drawdown for BTT was -30.69%, occurring on Dec 5, 2013. Recovery took 808 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BTT drawdown is -1.45%.
| Rank | BTT | SPY |
|---|---|---|
| #1 | -30.69% Oct 5, 2012 - Dec 23, 2015 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -23.35% Aug 18, 2021 - Oct 25, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -20.99% Mar 5, 2020 - Jul 28, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -12.25% Sep 6, 2016 - Jun 26, 2017 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -10.79% Jun 26, 2017 - Mar 7, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -3.73% Feb 5, 2021 - Apr 15, 2021 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -2.95% Jul 8, 2016 - Aug 12, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -2.74% Aug 13, 2020 - Sep 15, 2020 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -2.73% Nov 6, 2019 - Dec 3, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -2.70% May 13, 2016 - Jun 6, 2016 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.69% Sep 4, 2019 - Oct 8, 2019 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.06% Mar 11, 2019 - Mar 22, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -1.83% May 3, 2021 - Jun 1, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.69% Oct 9, 2019 - Nov 6, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.64% Aug 12, 2016 - Sep 6, 2016 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BTT and SPY is 0.81 which considered as a strong positive correlation - the stocks tend to move together.
0.81
-101
Dividend Comparison (1999 - 2026)
BTT vs SPY dividend yield comparison.
| Year | BTT | SPY |
|---|---|---|
| 2026 | 0.81% | 0.24% |
| 2025 | 2.44% | 1.07% |
| 2024 | 2.70% | 1.21% |
| 2023 | 3.11% | 1.40% |
| 2022 | 3.50% | 1.65% |
| 2021 | 2.89% | 1.20% |
| 2020 | 2.92% | 1.52% |
| 2019 | 3.10% | 1.75% |
| 2018 | 3.93% | 2.04% |
| 2017 | 4.08% | 1.80% |
| 2016 | 4.40% | 2.03% |
| 2015 | 4.46% | 2.06% |
| 2014 | 5.19% | 1.87% |
| 2013 | 6.73% | 1.81% |
| 2012 | 1.27% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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